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Health Care: Medicaid Estate Planning: Hrd-93-29r
U. S. Government Accountability Office ( ; U. S. Government Accountability Office ( (Author)
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Bibliogov
· Paperback
Health Care: Medicaid Estate Planning: Hrd-93-29r - U. S. Government Accountability Office ( ; U. S. Government Accountability Office (
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Synopsis "Health Care: Medicaid Estate Planning: Hrd-93-29r"
Pursuant to congressional requests, GAO determined the: (1) prevalence of Medicaid estate planning for purposes of becoming Medicaid-eligible; (2) value of assets sheltered through Medicaid estate planning; and (3) extent to which states are enforcing Medicaid requirements concerning Medicaid estate planning. GAO found that: (1) half of the Medicaid applicants converted assets from one form to another or transferred assets to another party; (2) asset conversions averaged $5,600 and typically involved setting aside money for burial arrangements; (3) other types of conversions included home repairs and automobile purchases; (4) asset transfers were far less frequent but involved larger amounts of money; and (5) half of the applicants that transferred assets were denied eligibility.
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The book is written in English.
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